Singapore's GIC a junior partner in Trade Me takeover

Wed, 13 Mar 2019

By Paul McBeth March 13 (BusinessDesk) - Singapore's sovereign wealth fund GIC Private is a junior partner in the $2.56 billion takeover bid for Trade Me Group and more investors may come on board if the deal gets the go-ahead next month. New Zealand's biggest online marketplace will hold a special meeting in Wellington next month, where its 9,458 shareholders will decide whether to approve a $6.45 per share offer from UK private equity firm Apax Partners. The bid, which has the blessing of the Trade Me board, includes a premium for cont...

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